Suncor Energy ( (TSE:SU) ) has provided an announcement.
Suncor Energy held its Annual General Meeting in Calgary, where shareholders elected eleven board members, appointed KPMG LLP as auditors, and approved the management’s approach to executive compensation. A proposal for a report on the costs of achieving Net Zero by 2050 was denied. The meeting saw approximately 70.29% of outstanding shares represented, indicating strong shareholder engagement.
Spark’s Take on TSE:SU Stock
According to Spark, TipRanks’ AI Analyst, TSE:SU is a Outperform.
Suncor Energy’s overall score reflects its strong financial recovery and robust cash flow management. The company has a favorable valuation and is committed to shareholder returns, as evidenced by the share buyback program. Despite current bearish technical indicators, the stock may offer potential upside given its strategic achievements and solid earnings guidance. Investors should consider the risks associated with the challenging business environment and planned maintenance in 2025.
To see Spark’s full report on TSE:SU stock, click here.
More about Suncor Energy
Suncor Energy is Canada’s leading integrated energy company, with operations that include oil sands development, production and upgrading, offshore oil production, petroleum refining in Canada and the U.S., and the Petro-Canada retail and wholesale distribution networks. The company is also advancing the transition to a low-emissions future through investments in power and renewable fuels, and conducts energy trading activities focused on crude oil, natural gas, byproducts, refined products, and power.
Average Trading Volume: 8,581,598
Technical Sentiment Signal: Hold
Current Market Cap: C$61.54B
For detailed information about SU stock, go to TipRanks’ Stock Analysis page.